marketing de productos e innovaciones de alta tecnología

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Essentials for Successful Marketing of Technology Businesses 22° Encuentro GeneXus. Montevideo, Uruguay Professor Jakki J. Mohr, Ph.D. Regents Professor of Marketing University of Montana, Missoula, Montana, USA Universidad ORT Uruguay

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Essentials for Successful Marketing of Technology Businesses

22° Encuentro GeneXus. Montevideo, Uruguay

Professor Jakki J. Mohr, Ph.D. Regents Professor of Marketing

University of Montana, Missoula, Montana, USA Universidad ORT Uruguay

Barriers to Successful Marketing in Technology Companies

•  “Our technology is so new, we have no competitors.”

•  “Our technology is so good, it will sell itself.”

•  “Our customers just don’t understand.”

Other Common Problems

•  No resources for marketing

•  No personnel trained to do marketing

•  Aversion to marketing:

–  “Fluff and bluff”

– Money spent on logos, ads, brochures is wasteful.

Reason: Lack of Clarity

•  What is marketing

•  The impact of marketing on company success

•  Difficulty in getting data to make marketing decisions

Marketing is…

•  Strategic decision making: – Which customers should we focus on? – What is our value proposition?

•  Functional planning: –  Product features; price; go-to-market strategy – Relationship between engineers and managers

(marketing, sales, business)

•  Tactical: – Which trade shows, Website design, which journals

The Impact of Marketing on Success of Technology Companies

Great Technology?

Technological superiority alone does not yield success.

Great Marketing?

Great marketing can help even “good enough” technology win.

Great marketing can beat great technology.

Success requires great technology combined with great marketing.

Standard Marketing Tools

1

2

3

4

Strategic planning

Segmentation and value proposition

Understanding customers and competitors

Creating awareness

These Tools are Di"cult to Apply in Technology Businesses

•  Technology companies are managed differently than other types of companies

•  Customers experience greater uncertainty in

their product choices •  Technology industries operate differently

than other industries

– Who manages?

–  Core competencies? •  Marketing competencies?

•  “Core rigidities?

– Customer orientation?

Managing Technology Companies

Engineers Manage Tech Companies

•  What do they say about marketing? – Marketing:

•  what you do when your products aren’t selling.

– Marketing Research: •  when marketing goes down

to engineering to see what they’re working on.

•  Even the people who do marketing are often engineers!

How do engineers think?

•  Good products = sophisticated

•  If I had more time to work on this product, I could add more cool features;

It would be Brilliant!

•  What happens with time? – delays to market =

– customer needs change;

– competitors come in;

– window of opportunity is lost.

•  Switching costs •  Fear, uncertainty, doubt

–  Ease of use

– Feature Fatigue –  Industry standards and compatibility

•  Costs of obsolescence •  Unintended consequences •  Leap frogging •  “Wait and see” =

kiss of death for tech company

Customer Purchase Decisions: Complex and Uncertain

“The Chasm”

Enthusiast

Visionary

High Risk/High

Reward

Conserva-tive

Pragmatic

Proven Results

Laggard/Skeptic

{ { { { { The Chasm

Main Street

The Tornado

The Bowling Alley

Goal: Cross the Chasm

•  Pick a single target market with specific application: The beachhead/bowling alley model •  Define market segments narrowly

•  Build the “whole product” –  (end-to-end solution)

Unique Considerations in Technology Industries

•  “Network effects” – Customer value depends upon how many

other customers also use the product.

– Value = f (communication & connectivity)

•  Ecosystems (“Platform Competition”)

Self-Reinforcing Nature of Industry Standards

Establish Industry

Standards

Raise compatibility of

products for customers

Lower fear, uncertainty and doubt

Increase likelihood of addoption

Increase number of users

Increase incentive for developers of complementary

Increased value to each user

Due to indirect network effects

Due to direct network effects

Essentials for Success in Technology Companies?

•  Develop marketing competencies

•  Develop customer orientation

•  Understand ecosystem dynamics

octubre 4, 2012

“Be as knowledgeable about your customers’ businesses as you are about your own” “When defining your B2B customers, also define their customers; you must identify the need your customers must fulfill for their own buyers.”

Muchas Gracias

[email protected]

www.markethightech.net

www.business.umt.edu/

faculty/mohr

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Best practices high-tech marketing

•  The Google model: –  7 rules of innovation –  Beta (learn, fail, learn)

The Apple Model

– Innovation + Marketing – Design and customer experience – Focus on premium market position (choice of

target market, product, price)

A Few More…

•  The Intel model: –  Branding, OEMs, distribution,

customer research

•  The Cisco model: –  Customer value, industry trends,

distribution partners

•  IBM –  “I’m By Myself” – Reinvent as services business

•  GE: –  Sustainability